Keywords (Original Language):

Zakah which is one of the outstanding five pillars of Islamic religion means increase,
praising, purity and cleanness as word meaning. The religious meaning of Zakah is
right on the particular goods which is disbursemented for certain places in case
certain conditions occur. In Islamic religious, in case of certain conditions, giving
zakah is obligation. On the other hand, zakah has an economic effect on society.
Zakah facilities that economic assets owing to the riches are transferred to the needy
by voluntary. So, it take on an important task in satisfying social justice and equity
and minimizing income inequality. To have compulsory zakah, there are full
ownership, quorate, and it must wait a lunar year after obtaining assets.
Fundamentally zakah payers are individuals, but in some situations they can be
companies with legal personality. In this regard, it also involves interest-free
financial institutions (participation banking, interest-free insurance, takaful). These institutions pay zakah in case of making a decision about zakah at General
Assembly. Even, if depositors owing to account in the financial institutions demand,
they can pay zakah on behalf of them. In this study it is mentioned about zakah
payer as an interest-free institution and zakah fund. Zakah for interest free
institutions will be mentioned at which situations; which assets fall within the scope
of zakah; how to extract zakah assets from financial statements; how to calculate
zakah base and zakah due; how and whom to distribute collecting zakah.